Mazagon Dock Shipbuilders Q1 FY27 Results: Net Profit Jumps 21.5% to Rs 549 Crore
By Kaushik Brahmakshatriya
Published On 01 August 2026.
Mazagon Dock Q1 FY27 results
Mazagon Dock Q1 FY27 results are out, and India’s premier defence shipyard has delivered a strong start to the new financial year. The Mumbai-based public sector company reported double-digit growth in both revenue and profit for the quarter ended June 30, 2026, backed by steady execution of naval shipbuilding and submarine projects, along with a sharp jump in operating margins
Mazagon Dock Q1 FY27: Revenue, Profit & Key Numbers
The standout feature of the Mazagon Dock Q1 FY27 results was the sharp improvement in operating profitability. EBITDA surged nearly 48% YoY to around Rs 446.58 crore, pushing the EBITDA margin up to approximately 15.2%, compared with 11.5% in the year-ago quarter. Diluted EPS improved to Rs 13.62 from Rs 11.21 a year earlier, underlining efficient cost management even as input costs rose across the shipbuilding segment.
Order Book Strength and Project Progress
The company’s consolidated order book stood at around Rs 18,200 crore as of June 30, 2026, following the delivery of key vessels including the P17A stealth frigate INS Mahendragiri and the Kalvari-class submarine INS Vagir. No large fresh defence contracts were signed during the quarter, keeping investor attention on upcoming opportunities such as the Type 17 Bravo frigate programme and a potential India-Germany submarine deal.
| Particulars (Rs Crore) | Q1 FY27 | Q1 FY26 | YoY Change |
| Revenue from Operations | 2,942.70 | 2,625.59 | +12.08% |
| EBITDA | 446.58 | ~301.87 | +48% |
| EBITDA Margin | 15.18% | 11.49% | +369 bps |
| Net Profit (PAT) | 549.41 | 452.15 | +21.51% |
| Diluted EPS (Rs) | 13.62 | 11.21 | +21.5% |
FAQ (Frequently Asked Questions)
| Question | Answer |
| What was the revenue growth in Q1 FY27? | Revenue from operations rose 12.08% YoY to Rs 2,942.70 crore. |
| When were the Q1 FY27 results announced? | The Board approved the results on July 30, 2026. |
| What is Mazagon Dock’s current order book? | Around Rs 18,200 crore as of June 30, 2026. |
| What was Mazagon Dock’s net profit in Q1 FY27? | Consolidated net profit was Rs 549.41 crore, up 21.51% YoY. |
Conclusion
The Mazagon Dock Q1 FY27 results confirm continued financial strength, with strong margin expansion offsetting a declining order book. As India’s defence shipbuilding sector eyes fresh contracts like the Type 17 Bravo frigates and a possible submarine tie-up with Germany, Mazagon Dock remains a key player to watch for investors tracking the defence and shipbuilding space closely this year.
Disclaimer :
This content is for informational and educational purposes only and is not investment advice. Please consult a financial advisor before making investment decisions
